In 2009, DNC Chairman Tim Kaine cheered President Obama in passing an $825 billion “stimulus” that failed to create the promised jobs. In 2010, Kaine backed President Obama in passing a $2.5 trillion government health care bill that mandates every American to buy a health care plan. Less than two weeks ago, Obama and Kaine traveled to Richmond to attempt to sell Virginians on yet another $400 billion in new “stimulus” spending.
And today, as Kaine continues to double down on his support of the failed first stimulus and calls for job-killing tax hikes under the guise of a “balanced approach,” President Obama proposed the largest tax hike in U.S. history – a $1.5 trillion tax increase on investors and small businesses that he says is needed to pay for the Democrats’ reckless spending agenda, which has already driven the federal debt past $14.6 trillion.
Kaine’s fellow Democrat, Senator Jim Webb (D-VA) called the approach “terrible,” and the Virginian-Pilot editorialized yesterday that it represents the “same old” tax-and-spend policies Obama and Kaine have been pushing all along:
Instead of employing the so-called “balanced approach” to deficit reduction that he has touted throughout the past year, the president’s proposal relied on tax increases alone. Worse, Obama proposed a series of well-worn measures that Congress has rejected over and over again… The plan was dead before it reached the other end of the Mall. If the president’s proposal was a political feint, it would be bad enough – divisive and a waste of everyone’s time. If it was a serious effort at creating jobs, the president would be better off leaving that to somebody else.
“Under the Obama-Kaine economic agenda, America has lost 2.4 million jobs, the federal debt has skyrocketed past $14.6 trillion, government spending has grown to record levels, and the response from Obama and Kaine is to pass a record tax increase on the backs of Virginia small businesses,” National Republican Senatorial Committee spokesman Chris Bond said today. “It’s painfully clear that President Obama and Chairman Kaine simply don’t get it, but Virginians will have an opportunity to bring common sense and fiscal discipline to Washington by electing a Republican to the U.S. Senate next year.”
- MUST WATCH FLASHBACK – Kaine’s Boss, President Barack Obama, In 2009: “You Don’t Raise Taxes In A Recession”